The Australian dollar was amongst the strongest major currencies in the last quarter of 2020 and has begun 2021 in a similar fashion. Economists at CIBC Capital Markets look for further strength in the AUD/USD pair amidst a broadly weaker USD and economic recoveries. Key quotes “From present levels, we target further gains in AUD/USD, to 0.7850 in Q1.” “A rebound in domestic economic activity, underpinned by accommodative monetary policy, was a strong driver of AUD strength to date. We anticipate that support to continue.” “The apparent shrugging off of trade tensions between Australia and China is notable, as there remains a clear sense of market caution over a situation that generates plenty of headlines. The significance being, that should some resolution be found, or tension itself calm, we would anticipate a positive response in AUD.” “On trade, the contribution of iron ore cannot be dismissed, any talk of that market between Australia and China would be concerning. Unless that is the case, we remain bullish and buyers of AUD weakness.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin back to the drawing board, as bull run targets $40,000 FX Street 2 years The Australian dollar was amongst the strongest major currencies in the last quarter of 2020 and has begun 2021 in a similar fashion. Economists at CIBC Capital Markets look for further strength in the AUD/USD pair amidst a broadly weaker USD and economic recoveries. Key quotes “From present levels, we target further gains in AUD/USD, to 0.7850 in Q1.” “A rebound in domestic economic activity, underpinned by accommodative monetary policy, was a strong driver of AUD strength to date. We anticipate that support to continue.” “The apparent shrugging off of trade tensions between Australia and China is notable, as there… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
